Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Treasury to do more restructuring of external debt amid low rates
Ratings agency Moody’s said that the improved external market access is supportive of liability management, and smoothening of the external debt maturity profile.
The National Treasury is set to ramp up external debt restructuring activity in the second half of the fiscal year, riding on lower global interest rates and the recent upgrade in the country’s credit rating.
The government on Wednesday opened its latest Eurobond partial buyback tender that will see it refinance Sh64.5 billion ($500 million) worth of notes on a 10-year bond due to mature in February 2028 and a 12-year paper maturing in May 2032.
